Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$188,032$188,032$230,310
Remaining term (yrs)26.026.030.0
Secondary amount$0$42,278$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.126%7.640%
1st payment$1,317.07$1,317.07$1,594.62
2nd payment$0.00$317.09$0.00
Taxes / mo$221.57$221.57$221.57
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$46.06
HOA / mo$16.67$16.67$16.67
Total monthly$1,844.41$2,161.50$2,028.92
Cash to close$67,868$25,590$25,590